Which of the Following Guarantees That Accrued Retirement Benefits Will

question 34

Multiple Choice

Which of the following guarantees that accrued retirement benefits will be given to retirement plan participants when they leave the employer?

• A) Pension
• B) Vesting
• C) Portable benefits
• D) Flexible spending

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Definitions:

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.

Enforceable

A description of a legal agreement or contract that can be upheld or compelled by law.

Certificated Security

A security that is represented in physical, paper form rather than in electronic or digital form.

Security Entitlement

A legal right or interest that an individual has in a financial asset that is held by a securities intermediary.